The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
People were way to optimistic, predicting 3000+ Boe/d. People need to understand the decline rates in Romania and how quickly they drop. It's quite easy to do on Excel or just any old calculator. They decline at 3% per month according to the company and as such, people need to be aware of this. Even my 2.5k Boe/d which was the lowest prediction from everyone was a little too high.
Need Sancrai to deliver now.
Once the accounts are released should help the SP move north. You can't deny that it may be putting people off.
https://www.youtube.com/watch?v=QXRTVqkD7FM
Not watched it yet
hmmm it is interest Rax. I expected to see some sort of negative news re power but I keep seeing articles of strength. It is a very strange situation and I just hope the situation gets better in India to slow the amount of poor souls losing their life.
yes thats right RT. easy mistake to make. It will be interesting to see if they've done the workovers in tunisia now as they couldnt do it in the last update to covid, and what impact this will have. Obviously we would assume that the pumps are not yet installed as for me, that would be a material change and should be RNSd.
probably the string of bad news. Needs to continue the good grades in its exploration and produce some good quarterly results to give the SP some energy.